Boeing Co (BA) is Founders Capital Management’s 2nd Largest Position

Founders Capital Management decreased its holdings in Boeing Co (NYSE:BA) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,601 shares of the aircraft producer’s stock after selling 215 shares during the period. Boeing accounts for about 5.7% of Founders Capital Management’s portfolio, making the stock its 2nd biggest holding. Founders Capital Management’s holdings in Boeing were worth $6,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boenning & Scattergood Inc. boosted its stake in Boeing by 12.2% during the third quarter. Boenning & Scattergood Inc. now owns 5,981 shares of the aircraft producer’s stock valued at $2,224,000 after buying an additional 652 shares during the last quarter. Windsor Group LTD boosted its stake in Boeing by 8.0% during the third quarter. Windsor Group LTD now owns 2,062 shares of the aircraft producer’s stock valued at $767,000 after buying an additional 152 shares during the last quarter. Burns J W & Co. Inc. NY boosted its stake in Boeing by 32.5% during the third quarter. Burns J W & Co. Inc. NY now owns 5,677 shares of the aircraft producer’s stock valued at $2,111,000 after buying an additional 1,393 shares during the last quarter. Pure Financial Advisors Inc. boosted its stake in Boeing by 11.2% during the third quarter. Pure Financial Advisors Inc. now owns 2,368 shares of the aircraft producer’s stock valued at $881,000 after buying an additional 238 shares during the last quarter. Finally, Intl Fcstone Inc. boosted its stake in Boeing by 9.9% during the third quarter. Intl Fcstone Inc. now owns 1,800 shares of the aircraft producer’s stock valued at $669,000 after buying an additional 162 shares during the last quarter. 70.42% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on BA. Robert W. Baird reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Boeing in a research note on Monday, August 13th. Cowen reaffirmed a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Wednesday, July 25th. Argus reaffirmed a “fair value” rating and issued a $395.00 price objective on shares of Boeing in a research note on Thursday, October 25th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $360.00 price objective (up from $350.00) on shares of Boeing in a research note on Thursday, October 25th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $410.21.

In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Shares of NYSE BA opened at $357.75 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. Boeing Co has a fifty-two week low of $259.56 and a fifty-two week high of $394.28. The company has a market capitalization of $203.16 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The firm had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same period in the prior year, the business posted $2.72 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Co will post 15.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 1.91%. Boeing’s payout ratio is currently 56.81%.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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